Post Market Commentary

The market closed on an upbeat note by creating a rally across all the sectorial indices on the back of heavy buying across the index heavy weights. The market opens firmly backed by the positive global cues and keeps on trading higher through out the trading session. The market also got the momentum on the back of strong quarterly GDP figures that add to the market sentiments. All the sectorial indices closed higher but most buying is seen from the Metal, Realty, Oil & Gas and Bankex basket. The BSE Sensex grew by 359.93 points to close at 19,363.19 and NSE Nifty closed up by 128.15 points to close at 5,762.75. Overall, the market breadth was strong as 1,745 stocks are closed higher while 1056 are closed lower. The BSE Mid cap and Small Cap advanced by 191.01 points and 136.27 points to close at 8,553.56 and 10,526.02 respectively.

BSE Metal Surged 858.21 points to close at 17,730.53. Scrips that grew are Sterlite industries (12.58%), Ispat industries (6.63%), Jindal steel (6.15%), Sesa Goa (5.80%), JSW steel (4.42%) and Tata Steel (2.94%).

BSE Realty index closed firm at 10,626 up by 402.38 points at 10,223.93. Pushed up by Phoenix mill (10.71%), DLF (7.04%), Omaxe limited (6.13%), Ansal Infra (4.12%) and Unitech (2.73%).

BSE Bankex surged 269.47 points to close at 10,870.88. Scrips that gained are Kotak bank (9.51%), BOB (7.58%), BOI (6.19%), Union bank (4.39%), IOB (4.31%) and HDFC bank (2.50%).

BSE oil & gas index grew by 315.13 points to closed at 12,359.73. Scrips that jumped are Essar Oil (16.57%), RNRL (9.76%), Cairn (4.14%), ONGC (2.59%) and RPL (1.26%).

BSE IT index grew by 111.86 points to close at 4,197.62 as Moser Baer (5.05%), Finance tech (4.97%), Educomp solution (4.65%), TCS (3.81%), I-FLEX (3.50%) and Infosys (2.19%).

BSE Power index closed higher by 90.79 points at 4,344.22 as CESC 6.88%, Tata Power (4.72%), Reliance energy (4.47%), Suzlon energy (3.80%), Power Grid (3.57%)